KB Financial Group Inc $KB Stake Raised by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its holdings in shares of KB Financial Group Inc (NYSE:KB) by 69.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,686 shares of the bank’s stock after buying an additional 7,221 shares during the period. Orion Porfolio Solutions LLC’s holdings in KB Financial Group were worth $1,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KB. Lazard Asset Management LLC raised its stake in KB Financial Group by 1.7% during the 2nd quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock valued at $128,357,000 after acquiring an additional 26,423 shares in the last quarter. Northern Trust Corp increased its holdings in shares of KB Financial Group by 4.9% during the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock valued at $51,788,000 after purchasing an additional 44,564 shares during the period. Bank of America Corp DE raised its stake in shares of KB Financial Group by 9.1% during the second quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock valued at $69,835,000 after purchasing an additional 70,865 shares in the last quarter. American Century Companies Inc. raised its stake in shares of KB Financial Group by 18.3% during the second quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock valued at $62,039,000 after purchasing an additional 116,293 shares in the last quarter. Finally, Orbis Allan Gray Ltd lifted its holdings in KB Financial Group by 0.9% in the second quarter. Orbis Allan Gray Ltd now owns 370,306 shares of the bank’s stock worth $30,584,000 after purchasing an additional 3,344 shares during the period. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KB has been the topic of several research analyst reports. Zacks Research cut shares of KB Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

KB Financial Group Price Performance

Shares of NYSE KB opened at $85.29 on Monday. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The firm has a 50-day moving average of $84.34 and a two-hundred day moving average of $82.56. The company has a market capitalization of $32.53 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.69 and a beta of 1.11.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.